Jack Henry & Associates (NASDAQ:JKHY) Hits New 12-Month Low – Here’s Why

Jack Henry & Associates, Inc. (NASDAQ:JKHY) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $123.56 and last traded at $124.22, with a volume of 1710865 shares changing hands. The stock had previously closed at $129.29.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on JKHY shares. Royal Bank Of Canada dropped their price target on Jack Henry & Associates from $210.00 to $180.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. The Goldman Sachs Group dropped their target price on Jack Henry & Associates from $180.00 to $161.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Morgan Stanley set a $170.00 target price on Jack Henry & Associates in a research report on Friday, May 8th. Weiss Ratings downgraded Jack Henry & Associates from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Finally, DA Davidson restated a “buy” rating and issued a $198.00 target price on shares of Jack Henry & Associates in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.08.

Jack Henry & Associates Stock Down 3.9%

The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.04. The stock has a 50 day simple moving average of $142.39 and a 200 day simple moving average of $162.81. The firm has a market capitalization of $8.83 billion, a PE ratio of 17.37, a PEG ratio of 1.89 and a beta of 0.58.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.28. The business had revenue of $615.93 million for the quarter, compared to analysts’ expectations of $619.67 million. Jack Henry & Associates had a return on equity of 24.03% and a net margin of 20.64%.The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.52 EPS. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. As a group, sell-side analysts forecast that Jack Henry & Associates, Inc. will post 6.84 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Monday, June 1st will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, June 1st. Jack Henry & Associates’s payout ratio is 34.13%.

Insider Buying and Selling

In related news, CFO Mimi Carsley purchased 375 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were acquired at an average cost of $134.12 per share, with a total value of $50,295.00. Following the purchase, the chief financial officer directly owned 6,007 shares of the company’s stock, valued at approximately $805,658.84. This trade represents a 6.66% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gregory R. Adelson purchased 2,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was bought at an average cost of $133.42 per share, for a total transaction of $266,840.00. Following the completion of the purchase, the chief executive officer directly owned 21,036 shares in the company, valued at approximately $2,806,623.12. This trade represents a 10.51% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Jack Henry & Associates

Several hedge funds have recently made changes to their positions in JKHY. Integrated Wealth Concepts LLC increased its stake in shares of Jack Henry & Associates by 21.2% during the first quarter. Integrated Wealth Concepts LLC now owns 2,102 shares of the technology company’s stock valued at $384,000 after buying an additional 367 shares during the period. Empowered Funds LLC increased its stake in shares of Jack Henry & Associates by 8.8% during the first quarter. Empowered Funds LLC now owns 7,184 shares of the technology company’s stock valued at $1,312,000 after buying an additional 584 shares during the period. Woodline Partners LP increased its stake in shares of Jack Henry & Associates by 40.6% during the first quarter. Woodline Partners LP now owns 6,159 shares of the technology company’s stock valued at $1,125,000 after buying an additional 1,778 shares during the period. Jane Street Group LLC purchased a new position in shares of Jack Henry & Associates during the first quarter valued at approximately $9,430,000. Finally, Focus Partners Wealth increased its stake in shares of Jack Henry & Associates by 15.1% during the first quarter. Focus Partners Wealth now owns 1,387 shares of the technology company’s stock valued at $253,000 after buying an additional 182 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.